We've speculated for years that when a financial institution files a SAR, it's fed to FinCen's pet goat. However, NAFCU Regulatory Compliance Counsel Bernadette Clair reminds us today that a few SARs aren't lodged firmly in a goat's gullet, but actually generate some law enforcement firepower ("Book 'em, Dan-O! Five Counts, Using Campaign Funds To Buy A 'Date'"!). Bernadette lists a representative sampling of criminal actions that resulted from SAR filings, as profiled in FinCen's most recent SAR Activity Report - Trends, Tips & Issues.
My personal favorite? That would be the SAR that led to the smackdown on the illicit importation of human growth hormone. Sure, Ponzi schemes and our old friend, "Mr. Blow," may grab the nefarious glamour, but nothing says "Threat To Western Civilization" more than men and women who look like this:
So, keep up the good work, FinCen. We'll all sleep better knowing that our SARs are forcing bodybuilders to make muscles the way they had to make them before HGH ruined the "sport": picking up 98-pound weaklings by their ankles and stuffing them into gym lockers.